Grand Canal Land PCL (BKK:GLAND) Long-Term Capital Lease Obligation : ฿132 Mil (As of Mar. 2024)

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What is Grand Canal Land PCL Long-Term Capital Lease Obligation?

Grand Canal Land PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿132 Mil.

Grand Canal Land PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿133 Mil) to Dec. 2023 (฿132 Mil) but then increased from Dec. 2023 (฿132 Mil) to Mar. 2024 (฿132 Mil).

Grand Canal Land PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿132 Mil) to Dec. 2022 (฿133 Mil) but then declined from Dec. 2022 (฿133 Mil) to Dec. 2023 (฿132 Mil).

Grand Canal Land PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand Canal Land PCL's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grand Canal Land PCL Long-Term Capital Lease Obligation Chart

Grand Canal Land PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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129.70

132.22

132.72

132.12

Grand Canal Land PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															132.86	132.99	133.12	132.12	132.17

Grand Canal Land PCL (BKK:GLAND) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Grand Canal Land PCL Long-Term Capital Lease Obligation Related Terms

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Grand Canal Land PCL (BKK:GLAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grand Canal Land PCL (BKK:GLAND) » Definitions » Long-Term Capital Lease Obligation

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Address

33/4 Rama 9 Road, Huai Khwang Subdistrict, Huai Khwang District, Bangkok, THA, 10310

Website

http://www.grandcanalland.com

Grand Canal Land PCL is a Thailand based property development company. It operates in two business segments including the Real estate for sale business and Real estate for rental and service business. Real estate for sale business, consists of land and house projects and residential condominium projects; Real estate for rental and service business, consists of an office building for rent project. The company generates maximum revenue from the Real estate for rental and service business segment.

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